$DSNY
DESTINY MEDIA TECHNOLOGIES INC

2023 Q4 Form 10-K Financial Statement

#000106299323021487 Filed on November 28, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3 2023
Revenue $1.155M $4.034M
YoY Change 13.13% 0.26%
Cost Of Revenue $163.4K $515.1K
YoY Change 26.24% -21.57%
Gross Profit $991.4K $3.519M
YoY Change 11.23% 4.52%
Gross Profit Margin 85.85% 87.23%
Selling, General & Admin $363.7K $1.642M
YoY Change 7.85% -17.54%
% of Gross Profit 36.69% 46.67%
Research & Development $308.5K $1.337M
YoY Change 17.13% 21.63%
% of Gross Profit 31.12% 38.0%
Depreciation & Amortization $77.47K $227.5K
YoY Change 128.52% 76.39%
% of Gross Profit 7.81% 6.46%
Operating Expenses $753.4K $3.218M
YoY Change 18.26% -0.49%
Operating Profit $238.0K $301.2K
YoY Change -6.38% 126.02%
Interest Expense $160.0K
YoY Change -420.0%
% of Operating Profit 53.13%
Other Income/Expense, Net
YoY Change
Pretax Income $249.5K $337.7K
YoY Change -4.72% 120.09%
Income Tax $0.00 $2.576K
% Of Pretax Income 0.0% 0.76%
Net Earnings $249.5K $335.1K
YoY Change -3.39% 124.79%
Net Earnings / Revenue 21.61% 8.31%
Basic Earnings Per Share $0.02 $0.03
Diluted Earnings Per Share $0.02 $0.03
COMMON SHARES
Basic Shares Outstanding 9.925M shares 10.12M shares 10.12M shares
Diluted Shares Outstanding 10.29M shares 10.12M shares

Balance Sheet

Concept 2023 Q4 2023 Q3 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.000M
YoY Change -4.76%
Cash & Equivalents $1.832M $2.003M $2.000M
Short-Term Investments
Other Short-Term Assets $100.0K
YoY Change -9.09%
Inventory
Prepaid Expenses $51.12K $72.01K
Receivables $622.8K $432.5K $430.0K
Other Receivables $56.33K $58.52K $60.00K
Total Short-Term Assets $2.595M $2.598M $2.600M
YoY Change -5.55% -4.69% -4.76%
LONG-TERM ASSETS
Property, Plant & Equipment $586.4K $642.2K $640.0K
YoY Change 118.56% 105.97% 106.45%
Goodwill
YoY Change
Intangibles $796.5K $645.5K
YoY Change 5.03% 21.85%
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $1.383M $1.288M $1.290M
YoY Change 34.71% 53.02% 53.57%
TOTAL ASSETS
Total Short-Term Assets $2.595M $2.598M $2.600M
Total Long-Term Assets $1.383M $1.288M $1.290M
Total Assets $3.978M $3.886M $3.890M
YoY Change 5.4% 8.92% 8.96%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $92.66K $110.2K $110.0K
YoY Change -11.81% -5.23% -8.33%
Accrued Expenses $304.0K $267.1K $270.0K
YoY Change -10.2% -16.45% -15.63%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $424.2K $412.1K $410.0K
YoY Change -7.9% -9.85% -10.87%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $424.2K $412.1K $410.0K
Total Long-Term Liabilities $0.00
Total Liabilities $424.2K $412.1K $410.0K
YoY Change -7.9% -9.85% -10.87%
SHAREHOLDERS EQUITY
Retained Earnings -$5.055M -$5.304M
YoY Change -6.06% -5.94%
Common Stock $9.924K $10.10K
YoY Change -1.96% -0.26%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.553M $3.474M $3.470M
YoY Change
Total Liabilities & Shareholders Equity $3.978M $3.886M $3.890M
YoY Change 6.56% 8.92% 8.96%

Cashflow Statement

Concept 2023 Q4 2023 Q3 2023
OPERATING ACTIVITIES
Net Income $249.5K $335.1K
YoY Change -3.39% 124.79%
Depreciation, Depletion And Amortization $77.47K $227.5K
YoY Change 128.52% 76.39%
Cash From Operating Activities $188.8K $705.6K
YoY Change -58.92% 129.7%
INVESTING ACTIVITIES
Capital Expenditures $23.34K $585.5K
YoY Change 79.42%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$177.4K -$716.0K
YoY Change -28.56% 3.35%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $21.14K
YoY Change -88.22%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$170.8K -$21.14K
YoY Change -88.92%
NET CHANGE
Cash From Operating Activities $188.8K $705.6K
Cash From Investing Activities -$177.4K -$716.0K
Cash From Financing Activities -$170.8K -$21.14K
Net Change In Cash -$170.4K -$93.16K
YoY Change -213.39% -85.81%
FREE CASH FLOW
Cash From Operating Activities $188.8K $705.6K
Capital Expenditures $23.34K $585.5K
Free Cash Flow $165.4K $120.1K
YoY Change -64.0% -727.62%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2023 us-gaap Operating Lease Expense
OperatingLeaseExpense
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CY2023 us-gaap Finance Lease Interest Expense
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CY2023 dsny Termination Of Operating Lease
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CY2023Q3 us-gaap Operating Lease Liability
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CY2023 us-gaap Gain Loss On Disposition Of Assets1
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CY2022 us-gaap Stock Repurchased And Retired During Period Value
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CY2023 us-gaap Disposal Group Not Discontinued Operation Loss Gain On Write Down
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CY2022 us-gaap Disposal Group Not Discontinued Operation Loss Gain On Write Down
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CY2022 us-gaap Increase Decrease In Operating Lease Liability
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CY2022 dsny Payments For Repurchase Of Stock Options
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CY2023 dsny Recognition Of Right Of Use Asset
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CY2023 dsny Effect Of Foreign Exchange Rate Changes On Operating Lease Liability
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CY2022 us-gaap Gain Loss On Disposition Of Assets1
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CY2022 dsny Impairment Expense
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CY2022 dsny Share Based Compensation Arrangement By Share Based Payment Award Options Repurchased In Period
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CY2022 dsny Share Based Compensation Arrangements By Share Based Payment Award Options Repurchased In Period Weighted Average Exercise Price
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CY2022 dsny Share Based Compensation Arrangement By Share Based Payment Award Options Repurchase In Period Weighted Average Remaining Contract Term
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CY2023 dsny Stock Options Repurchased During Period Shares
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CY2023 dsny Stock Options Repurchased During Period Value
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2023Q3 dsny Net Operating Loss Carryforwards By Expiration Date
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CY2023 us-gaap Revenues
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CY2023 us-gaap Earnings Per Share Basic
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CY2022 us-gaap Revenues
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CY2023 dei Auditor Firm
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CY2023 us-gaap Earnings Per Share Diluted
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CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2022 dsny Stock Retired During Period Value
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CY2023 us-gaap Stock Repurchased And Retired During Period Value
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CY2023 dsny Stock Retired During Period Value
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CY2023 dsny Payments For Repurchase Of Stock Options
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CY2023 us-gaap Use Of Estimates
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<div> <p style="text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><i><strong>Use of Estimates</strong></i></span></span></span></p> <p style="text-align:justify;margin-bottom:0px"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">The preparation of the consolidated financial statements in accordance with U.S. GAAP requires management to make use of certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reported periods. The Company bases its estimates on historical experience and on various other assumptions that management believes are reasonable under the circumstances, the results of which form the basis for making judgments about carrying values of assets and liabilities that are not readily apparent from other sources. Actual results could differ from those estimates. Significant estimates are related to the labour capitalized to software under development and computer software, the recoverability of long-term assets including property and equipment, intangible assets, amortization expense, and valuation of stock-based compensation.</span></span></p> </div>
CY2023 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
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CY2022 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
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CY2022 dsny Capitalizedcomputersoftwaredevelopment
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CY2023 dsny Depriciatedcomputersoftwarecost
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CY2023 dsny Capitalizedsoftwareunderdevelopment
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CY2022 dsny Capitalizedsoftwareunderdevelopment
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CY2023 dsny Capitalizedcomputersoftwaredevelopment
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CY2023Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
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CY2023 us-gaap Gain Loss On Termination Of Lease
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CY2022 dsny Share Based Compensation Arrangement By Share Based Payment Award Options Nonvested Options Expired Number Of Shares
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonvestedOptionsExpiredNumberOfShares
7667 shares
CY2022 dsny Share Based Compensation Arrangement By Share Based Payment Award Options Nonvested Options Expired Weighted Average Grant Date Fair Value
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CY2023Q3 dsny Commonstocksharesheldintrust
Commonstocksharesheldintrust
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CY2023Q3 dsny Investment Tax Credit Carryforwards By Expiration Date
InvestmentTaxCreditCarryforwardsByExpirationDate
764000 usd

Files In Submission

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0001062993-23-021487-index-headers.html Edgar Link pending
0001062993-23-021487-index.html Edgar Link pending
0001062993-23-021487.txt Edgar Link pending
0001062993-23-021487-xbrl.zip Edgar Link pending
dsny-20230831.xsd Edgar Link pending
exhibit21-1.htm Edgar Link pending
exhibit31-1.htm Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
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